Hello everyone.

‍#AAVE is currently trading inside a tightening triangle, caught between a descending resistance trendline near $116–$118 and a key horizontal support zone around $104–$106. Price has reacted several times from both levels, showing that the market is still indecisive.

However, one important change is that $AAVE is no longer trending aggressively lower. Instead, price action is starting to resemble a bottoming phase, which suggests selling pressure is gradually weakening.

A clean breakout above $116–$118 would improve the short-term structure and could open the path toward the next resistance zone near $128–$129, where stronger supply may appear.

On the downside, losing the $104–$106 support area would weaken the setup and expose the next major support near $98.

The market is compressing, and the next confirmed breakout will likely determine the short-term direction.